The Budget as a Useful Management Tool

Corporate
Digital Skills

Business Management and Finance

Duration

30h

PRESENTATION

This training program focuses on the budget management through six instructional units. It covers everything from the understanding the budget such as tool essential for the decision-making until the completion of a master budget. It explores key aspects such as operating budgets, investments, personnel, and cash flow. It also addresses budgeting and its role in the management control, equipping professionals with the skills needed to improve the financial performance of an organization. In short, this training provides practical knowledge of budget management to help make financial decisions strategic and improve business efficiency.

Objectives

  • Understanding the importance of a budget.

  • Master the master budget.

  • Use the operating budget.

  • Budget for investments.

  • Manage staff.

  • Monitor the cash flow budget.

  • Understanding Budgeting.

Syllabus

TEACHING UNIT 1. THE BUDGET AS A USEFUL MANAGEMENT TOOL

  1. The Budget as a Useful Management Tool
  2. Creating a Budget: The Master Budget

TEACHING UNIT 2. OPERATING BUDGET

  1. Operating Budget
  2. Quotes and Information

TEACHING UNIT 3. INVESTMENT BUDGET

  1. Investment Budget
  2. How Investments Are Budgeted

TEACHING UNIT 4. STAFF BUDGET

  1. Personnel Budget
  2. Company-Level Analysis of Budgeted Staff

TEACHING UNIT 5. CASH FLOW BUDGET

  1. Cash Flow Budget
  2. How to Improve Financial Results

TEACHING UNIT 6. BUDGETING PROCESS AND CRITERIA

  1. Budget Preparation
  2. Management Control: The Role of Budgets
Request for Information

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Are the Educa PHAROS courses eligible for credit?

Many courses can be credited toward the master's programs at Structuralia.

Facts about our area

+ 1.483

Hours

+88.999

Minutes

264

Courses

Educa PHAROS is a next-generation training model that places a company’s human capital at the forefront. Through a platform that adapts to each company’s corporate identity and offers a total of more than 900 courses, it provides tailored training for each organization. The unlimited flat-rate plan provides each company with the number of courses that best suits its needs, as well as the ability to determine which employees will have access.
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